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Repo Car Auctions Oxnard CA

Repo car auctions are a great source of used vehicles at bargain prices, if you know what you're doing. Repossessed vehicles of all types are available at auction sites all over the country. Learn how it works.

Toyota Of Oxnard
(888) 591-3344
1631 Auto Center Drive
Oxnard, CA
Services
Auto Repair,Clutch Repair,Auto Dealers,Used Car Dealer

Ventura Toyota
(805) 650-0510
6360 Auto Center Drive
Ventura, CA
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers

Harbor Chrysler Plymouth Used
(805) 656-4030
6660 Auto Center Drive
Ventura, CA
Services
Fuel Injection Repair,Radiator Repair,RV and Camper Repair,Tune up Repair,Auto Dealers

Camarillo Independent Auto Repair
(805) 987-8180
1955 E Daily Drive, # 105
Camarillo, CA
Services
Auto Inspection,Emissions Testing,Auto Dealers

Smart Choice Auto Sales
1449 S Oxnard Boulevard
Oxnard, CA

Data Provided by:
DCH Audi Oxnard
(805) 288-3800
1521 Auto Center Drive
Oxnard, CA
Services
Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers

Barber Volkswagen
(805) 642-6707
3650 E Main Street
Ventura, CA
Services
Clutch Repair,Fuel Injection Repair,Radiator Repair,Tune up Repair,Auto Dealers

B and G Honda Car Inc
(805) 987-8180
1955 Daily Drive
Camarillo, CA
Services
AC and Heating Repair,Auto Dealers

Camarillo Independent Honda Acura and Toyota Specialist
(805) 987-8180
1955 E Daily Dr Unit 103 - 110
Camarillo, CA
Services
Auto Repair,Auto Dealers

Dch Toyota Of Oxnard
(805) 988-2300
1631 Auto Center Dr
Oxnard, CA

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Repo Car Auctions

What is a repossessed (repo) car?

When a car owner fails to make on-time loan or lease payments, the bank or finance company will repossess the vehicle — take it back. Typically, the buyer will be given a chance to catch up on payments or be made a payoff offer to recover the vehicle. If the buyer does not or can not get the vehicle back, the bank or lending institution takes it over and will sell it to recover some or all of the loan balance.

Repossessed cars are not the same as seized cars, impound cars, or unclaimed cars typically sold by police or government agencies. Repossessed cars belong to banks, credit unions, and finance companies.

Some smaller banks or credit unions may display repo cars in their own parking lots, with "for sale" signs in the window. These cars can be easily spotted when driving by the bank.

Most banks and finance companies hand over repo cars to a professional auction company. When the auction company sells the car, the bank gets the money, less a commission. Auctions can be public, private, or dealer-only auctions. Repossessed car auctions are sometimes mistakenly called "car forcloseure auctions."

When a bank or loan company sells repossessed cars, it wants to recover enough money to pay off the existing loan balance, plus any expenses for towing and storage and the fees of the professional repo company who picked up the vehicle.

In tough economic times, repossessions become mo...

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